Mukuru Launches Mobile Wallet in Malawi to Drive Financial Inclusion
Leading financial services platform Mukuru has announced the launch of its new mobile wallet, the Mukuru Wallet, in Malawi.
This move is designed to address the growing demand for a convenient, secure, and efficient way to manage funds and make money transfers among Malawi’s cash-dependent citizens.
The Mukuru Wallet offers a variety of features which includes:
* Sending and receiving funds both locally and internationally
* Storing, saving, and earning interest on funds
* Two separate pockets: “Nyanja” for domestic transactions and “Moyo” for international transfers with free cashouts
* Interest earned on wallet funds on a quarterly basis
The launch of the Mukuru Wallet is a significant step in driving financial inclusion in Malawi, particularly for underserved and unbanked communities. By providing a safe and secure alternative to traditional banking services, the wallet empowers Malawians to participate in the modern, digital financial economy.
“Mukuru is committed to driving financial inclusion,” says Pride Chiwaya, Malawi Country Manager at Mukuru. “This wallet builds on the trust we have established through our network and positions us as a preferred partner for businesses seeking innovative payment solutions. Our mission is to equip Malawians with reliable financial tools.”
The launch aligns with Mukuru’s overall strategy of being a leading payment platform that facilitates the transition from cash to digital transactions. It represents a critical component in the business’s drive towards digital transformation in Malawi, promoting financial inclusion and a more efficient financial ecosystem.
